Parsons Capital Management Inc. RI Has $495,000 Holdings in Shell plc (NYSE:SHEL)

Parsons Capital Management Inc. RI lessened its holdings in shares of Shell plc (NYSE:SHEL) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,386 shares of the energy company’s stock after selling 212 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Shell were worth $495,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James & Associates increased its holdings in Shell by 3.5% during the 1st quarter. Raymond James & Associates now owns 1,024,623 shares of the energy company’s stock worth $68,691,000 after purchasing an additional 34,735 shares in the last quarter. Everett Harris & Co. CA increased its holdings in Shell by 24.1% during the 1st quarter. Everett Harris & Co. CA now owns 168,701 shares of the energy company’s stock worth $11,310,000 after purchasing an additional 32,763 shares in the last quarter. Willis Johnson & Associates Inc. increased its holdings in Shell by 9.8% during the 1st quarter. Willis Johnson & Associates Inc. now owns 222,733 shares of the energy company’s stock worth $14,932,000 after purchasing an additional 19,931 shares in the last quarter. DMC Group LLC increased its holdings in Shell by 9.3% during the 1st quarter. DMC Group LLC now owns 13,283 shares of the energy company’s stock worth $890,000 after purchasing an additional 1,126 shares in the last quarter. Finally, Norden Group LLC increased its holdings in Shell by 2,843.4% during the 1st quarter. Norden Group LLC now owns 170,867 shares of the energy company’s stock worth $11,455,000 after purchasing an additional 165,062 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Performance

Shell stock remained flat at $73.27 during midday trading on Friday. The company had a trading volume of 3,880,010 shares, compared to its average volume of 4,799,317. The firm has a 50 day moving average price of $67.62 and a 200-day moving average price of $65.86. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The company has a market cap of $235.75 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 1.74 and a beta of 0.62. Shell plc has a fifty-two week low of $55.78 and a fifty-two week high of $73.94.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.28. The firm had revenue of $80.13 billion during the quarter, compared to the consensus estimate of $89.59 billion. Shell had a net margin of 5.99% and a return on equity of 14.69%. During the same period last year, the business posted $2.76 earnings per share. Research analysts forecast that Shell plc will post 8.16 earnings per share for the current year.

Shell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, February 16th were paid a $0.662 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.65 annualized dividend and a dividend yield of 3.61%. Shell’s dividend payout ratio is 48.59%.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th.

Shell Profile

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.